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The BIA has several key events that take place yearly. These events all have sponsorship, advertising and general information which you can find here. For a full list of weekly events be sure to check the calendar on the main page.

Advertising

As you plan your budget for next year, we hope you’ll keep the BIA in mind. Our Association offers numerous sponsorship and advertising opportunities throughout the year, targeting both members and consumers.

Advocacy

Since 1943, the Building Industry Association of Central Ohio (BIA) has represented single and multi-family homebuilders, developers and remodelers throughout our region. Other members include trade partners, suppliers and service professionals.

Advocacy

Resources

As a BIA member there are several resources available to you. Please be sure to take a look and utilize the many tools we have to offer.

Building Insider

The BIA’s magazine Building Insider is published 6 times a year, with a special section addition covering the Parade. It is the only local publication providing an in-depth guide to our local homebuilding industry. The magazine provides news and information targeted to the wide variety of building-related professions of our members..

Resources

Consumers

Since 1943, the Building Industry Association of Central Ohio (BIA) has represented single and multi-family homebuilders, developers and remodelers throughout our region. Other members include trade partners, suppliers and service professionals.

Consumer Resources

BIA Foundation

BIA members and community members have partnered with the BIA Foundation giving of their time, talent and resources to make an impact on the lives of those within the Central Ohio community and supporting development of the next generation housing industry professionals.

Initiatives

Donate

BIA members are welcome to help the BIA encourage young people to pursue careers in the residential building industry by donating to the BIA Scholarship Fund. Contributions are 100% tax deductible, and you will be recognized right here on our website as a Scholarship Donor. Your donations are greatly appreciated!

Complete Story

03/19/2018

Real estate economist: Home prices are increasing twice as fast as income growth

The major constraint in the housing market is the lack of supply, MBA's Mike Fratantoni says.

That's driving home prices higher and adding insult to injury for homebuyers with stagnated earning power, he says.

This appetite for housing comes even before the peak of the millennial generation reaches first-time homebuyer age, Fratantoni says

Not enough for-sale signs in front yards are driving residential home prices higher, the chief economist at the Mortgage Bankers Association said Tuesday.

Compounding the problem is that Americans' wage growth is being left far behind, according to the MBA's Mike Fratantoni. "We're still seeing home prices increase at twice the rate of income growth," he told CNBC's "Squawk Box."

The stubborn lack of gain in average hourly earnings, seen in last week's release of the latest government employment report, has been well documented. Wages in February grew at a less-than-expected 0.1 percent, representing a 2.6 percent advance on an annualized basis.

Adding insult to injury for homebuyers with stagnated earning power, national home prices rose 6.2 percent annually, according to the latest S&P CoreLogic Case-Shiller's most broad survey. Prices nationally are now 6 percent higher than their 2006 peak before the housing crisis.

"The major constraint in the market right now is the lack of supply," Fratantoni said. "The absolute number of units on the market is near an all-time record low."

Fratantoni said homebuilders are trying to increase their pace of construction but "not fast enough."

Mortgage rates around four-year highs are "a bit of a headwind," Fratantoni said. "[But] tempering demand a little bit is not really going to be a problem" in this real estate market.

This insatiable appetite for housing is happening even before the peak of the millennial generation reaches first-time homebuyer age, Fratantoni said.

"There's just going to be this wave of housing demand hitting the economy over the next four to five years. And we think it's going to bolster steady growth over that time period," he said.

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